NEW DELHI, Jan. 15 -- The defence ministry is considering an Indian Air Force proposal to buy 114 French-origin Rafale jets to boost its combat readiness at a time it is grappling with a worrying shortage of fighter squadrons, and discussions on the potential deal with France are progressing satisfactorily, officials aware of the matter said on Wednesday. The capability boost is expected to cost around Rs.3.25 lakh crore, the officials said, asking not to be named, adding that an actual deal is still a long way off. Under the model being considered, the Rafales will be made in India by French plane maker Dassault Aviation and a local partner. "Ongoing talks are focused on localisation of the Rafales to be made in India," said one of the officials cited above. The fighter jets are expected to have an indigenous content ranging between 30% and 60%, Hindustan Times has learnt. P8...